MagnaChip Semiconductor, a maker of analogue and mixed-signal semiconductor products, and Melfas, a provider of touch screen solutions, have partnered to develop advanced OLED display capabilities for the automotive and consumer electronics sectors.

Currently, OLED technology is used primarily in televisions and mobile products such as smartphones and smartwatches, but OLED displays represent an attractive growth opportunity. Industry forecasters expect the segment to show compounded annual growth rate (CAGR) of 187% between 2018 and 2022.

“Automotive display is an attractive market segment, and this partnership with Melfas will provide opportunities to develop feature-rich and cost-effective products,” said YJ Kim, Chief Executive Officer of MagnaChip.

MagnaChip already supplies OLED DDICs, and benefits from long relationships with the top two OLED display panel makers in the world. Further, more than a dozen smartphone OEMs currently use MagnaChip’s OLED DDICs in their smartphone lineups. Over the past 10 years, MagnaChip has shipped more than 400 million OLED DDICs, and developed a broad portfolio of patents related to the design and manufacturing of OLED display drivers.

Melfas has many years of technical experience and expertise in touch controller IC. Backed by its strong expertise in the field, Melfas has been constantly offering precise, responsive, and reliable touch solutions for highly innovative and dynamic smartphones and other mobile devices. It has shipped over 1 billion controller ICs since 2005. Further, Melfas recently launched a new OLED touch controller IC and has since supplied the same in large quantities to major handset manufacturers.